DELOITTE: More than 80% of UK financial chiefs are struggling with high levels of Brexit uncertainty

A view of a mural by artist Banksy of a workman removing a star from the EU flag which appeared yesterday near the ferry terminal in Dover, Kent. Gareth Fuller/PA Wire/PA Images LONDON — More than eight in 10 UK company financial chiefs said their business faced a high level of uncertainty, according to a survey by accounting firm Deloitte.

Chief financial officers in the UK and Germany reported the least stable business environment, with 85% saying they face high uncertainty, compared with a European average of 61%.

"Results from the UK reflect continued uncertainty around the impact of Brexit," Deloitte said. "In Germany, the country's reliance on exports could be affected by geopolitical risks as well as falling demand."

When asked how they feel about the financial prospects for their company compared to three to six months ago, 38% of said they are more optimistic than before, with 31% in the UK feeling more upbeat. Turkey, which has struggled with terrorist attacks and political volatility is the only country where optimism has fallen.

In the UK, just under two thirds of CFOs predicted revenue would grow, with 14% expecting revenues to shrink.